Loan Approvals Banks and FI’s – Credit Rating

Loan Approvals Banks and FI’s – Credit Rating

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YOUR CREDIT INFORMATION
CIBIL is Credit Rating Agency where one can get information about the Credit Score and Loans Outstanding with Banks and Financial Institutions. Almost all Banks and Financial Institutions are its members and these Banks and FIs check CIBIL report before deciding their approval for the loan applied. Sometimes Credit Report of a Person shows him as a defaulter whereas he or she might have deposited the borrowed funds. In such cases main reason is that CIBIL records are not updated due to certain technical issues. As such before approaching any Bank or FI’s one must obtain his Credit Report direct CIBIL by buying Credit Score Report (Including Credit Information Report) now for just Rs.470/- and get one step closer to get the approval for Loans applied for. If you wish to purchase only your CIBIL Credit Information Report the same is available for just Rs.154-00. Please ‘Download Form‘. You can Buy Your Credit Score Online at above rates. In case of any wrong information in the CIR you can take up the matter with the concerned Bank or FI for getting your CIR updated.
Getting your loan approved can be complicated process. Just go through the Loan evaluation process to understand the critical role, the CIBIL TransUnion score plays in getting your loan sanctioned.

Credit approval Process:

http://www.cibil.com/loan-approval-process

Your Credit Information Report (CIR) plays a large part in the loan application process. Hence, any discrepancy in your CIR may result in reduced chances of a loan approval. Therefore, it is important that the information on your CIR is accurate and updated.

The CIBIL CIR consists of Consumer / Borrower Information, Account Information and Inquiries. If any information on your CIR is inaccurate or needs to be updated, CIBIL assists you in rectifying / updating your CIR. You can raise a dispute online by clicking the link provided at the bottom of the page. This process is known as Dispute Resolution. A Dispute Request can be raised based on either a CIR purchased by you directly from CIBIL or a CIR accessed by the Credit Institution when you have applied for a loan with that Credit Institution. Go through the types of dispute enlisted below to understand the various discrepancies that can be rectified. You can raise your DISPUTE ONLINE  just click on link below:
 

Alternatively, you can raise a Dispute Request by writing to at the following address:

Credit Information Bureau (India) Ltd,
Hoechst House, 6th Floor, 193,
Backbay Reclamation, Nariman Point,
Mumbai 400 021.

In case banks and financial institutions are rejecting your loan applications due to bad cibil score then you must read How to improve your Credit Worthiness with CIBIL.

Disclaimer: This article is for the benefit of the Public in General and in no way substitute for the original website of Credit Information Bureau (India) Ltd with URL  at CIBIL

Ashok Goyal

Hi members, I am Ashok Goyal from Rajpura - Punjab, a town near Chandigarh. I am a retired Chief Manager from a Top Nationalized Bank in India with 35 years of experience. I am the CEO-cum-Founder of this site made for Young and Old, Technical and Non Technical members to spread their knowledge across the Globe. I am a Science Graduate with an M.A. in Economics and C.A.I.I.B. (Certified Associate Life Member of Indian Institute of Banking and Finance since 1980 and a Social Worker authoring many Blogs for the benefit of the Public in General. I Graduated from Patel Memorial National College, Rajpura - 140401 and secured a Master's Degree in Economics from Punjabi University, Patiala - 147001 Punjab, India. Expert in Legal and Money Matters, may it be Banking, Investments, and Insurance or Fraud investigations. My Hobby is to share Knowledge and alarm the younger generations about the practical implications of transacting online. I am available at many Social Networking Sites. I am health conscious and like reading deeply about anything related to health and nutrition. In the case of any violation of objectionable content, the images on my authored links or on this site, you can either report me directly or you can file a DMCA complaint about the removal of the content. I do not like spammers and never hesitate to report the abuse of my profile information. I am the owner of the WQAINDIA Brand hosting self-hosted Question Answers Site at Web Question Answers. In Jan 2016, I founded Samadhan Kender at Rajpura - which is now talk of the down. In January 2017, keeping in view the Identity Crisis in India I found that the Public was facing difficulties in their CIBIL Reports - I started my best ever venture at CIBIL Consultants to solve the CIBIL Problems of the Public online. CIBIL Consultants is having its client base in all 17 states in India. © Copyright - Ashok Goyal – ALL RIGHTS RESERVED: This is my original work and I do not like any content to be copied or posted anywhere on the web or elsewhere. All the articles available on my social profiles are exclusively owned by me. If you like my articles then you can visit my articles and provide the URL as a link, without any copyright infringement, on the website or blogs which are not having any adult content related to sex, violence, hate-redness, or religious fundamentalism as per Google or Facebook TOC. DISCLAIMER: The information on this site or elsewhere - under my Profile Name is for general information purposes only. The information provided by me is simply educative to the best of my knowledge and belief. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability about the information, products, and services being displayed on this website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of or in connection with the use of this website or my profile anywhere on the web. We welcome feedback, comments or healthy criticism on any article or content on this site or my own work anywhere on the web. I owe my success on the web to IndiaStudyChannel to Tony John, Webmaster at ISC. I am also a featured author at HubPages, Global Site for writers and Authors. This site is dedicated to my countrymen to sharpen their online skills to compete for the world. The public can also get their CIBIL Reports rectified professionally at very low prices – when big corporations are charging as much as Rs.25000 per person per Credit Report.

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